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Realtime updates for Independent Bank Corp [IBCP]

Exchange: NASDAQ Sector: Financial Services Industry: Banks—Regional
BUY
66.67%
return 3.00%
SELL
0.00%
return 2.87%
Last Updated28 Mar 2024 @ 12:43

0.43% $ 25.18

SELL 62080 min ago

@ $24.28

Issued: 14 Feb 2024 @ 09:30


Return: 3.69%


Previous signal: Feb 13 - 09:30


Previous signal: Buy


Return: -0.49 %

Live Chart Being Loaded With Signals

Commentary (28 Mar 2024 @ 12:43):

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Profile picture for Independent Bank Corp (Michigan)

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses...

Stats
Today's Volume 9 406.00
Average Volume 81 396.00
Market Cap 526.34M
EPS $0 ( 2024-01-25 )
Next earnings date ( $0.650 ) 2024-04-25
Last Dividend $0.230 ( 2023-11-02 )
Next Dividend $0 ( N/A )
P/E 9.02
ATR14 $0 (0.00%)
Insider Trading
Date Person Action Amount type
2024-02-06 Kreter Kristopher Buy 260 Common Stock
2024-02-06 Twarozynski James J Buy 1 367 Common Stock
2024-02-06 Rahn Joel F Buy 2 417 Common Stock
2024-02-06 Rahn Joel F Buy 2 417 Performance Right
2024-02-06 Mohr Gavin A. Buy 2 517 Common Stock
INSIDER POWER
29.30
Last 100 transactions
Buy: 74 121 | Sell: 40 732

Independent Bank Corp Correlation

10 Most Positive Correlations
MMAC0.928
AMRB0.878
NETE0.831
WLTW0.829
JCOM0.826
BLI0.802
10 Most Negative Correlations
FEYE-0.922
RMRM-0.888
APOP-0.871
SVAC-0.865
TLGT-0.851
PAIC-0.827
CMLF-0.826
SVOK-0.815
HYPR-0.803

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Independent Bank Corp Financials

Annual 2023
Revenue: $289.70M
Gross Profit: $294.56M (101.68 %)
EPS: $2.82
Q4 2023
Revenue: $79.12M
Gross Profit: $79.12M (100.00 %)
EPS: $0.650
Q3 2023
Revenue: $53.40M
Gross Profit: $53.40M (100.00 %)
EPS: $0.840
Q2 2023
Revenue: $52.09M
Gross Profit: $52.09M (100.00 %)
EPS: $0.700

Financial Reports:

No articles found.

Independent Bank Corp Dividends

(Q3/22) (Q4/22) (Q1/23) (Q2/23) (Q3/23) (Q4/23) (Q1/24) (Q2/24) (Q3/24) (Q4/24)
$0.220
(N/A)
$0.220
(N/A)
$0.230
(N/A)
$0.230
(N/A)
$0.230
(N/A)
$0.230
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)

Independent Bank Corp Dividend Information - Dividend King

Dividend Sustainability Score: 8.18 - good (81.77%) | Divividend Growth Potential Score: 7.49 - Increase likely (49.76%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information
First Dividend $0.174 1987-01-05
Last Dividend $0.230 2023-11-02
Next Dividend $0 N/A
Payout Date 2023-11-13
Next Payout Date N/A
# dividends 128 --
Total Paid Out $67.73 --
Avg. Dividend % Per Year 2.58% --
Score 5.88 --
Div. Sustainability Score 8.18
Div.Growth Potential Score 7.49
Div. Directional Score 7.83 --
Next Divdend (Est)
(2024-05-14)
$0.228 Estimate 47.99 %
Dividend Stability
0.96 Excellent
Dividend Score
5.88
Pay Frequency
Quarterly
Yearly Payout
Year Amount Yield
1987 $0.739 5.01%
1988 $0.912 7.51%
1989 $0.764 5.41%
1990 $0.573 3.88%
1991 $0.799 6.82%
1992 $0.904 4.34%
1993 $1.040 3.15%
1994 $1.388 4.15%
1995 $1.251 2.97%
1996 $1.793 3.75%
1997 $2.38 3.87%
1998 $1.521 1.32%
1999 $1.931 2.04%
2000 $2.84 4.33%
2001 $3.18 3.27%
2002 $3.82 2.63%
2003 $6.53 3.86%
2004 $2.99 1.16%
2005 $6.80 2.60%
2006 $7.52 2.88%
2007 $8.30 3.31%
2008 $3.50 3.88%
2009 $0.300 1.33%
2010 $0 0.00%
2011 $0 0.00%
2012 $0 0.00%
2013 $0 0.00%
2014 $0.180 1.48%
2015 $0.260 2.06%
2016 $0.340 2.32%
2017 $0.420 1.90%
2018 $0.600 2.63%
2019 $0.720 3.37%
2020 $0.800 3.53%
2021 $0.840 4.49%
2022 $0.880 3.63%
2023 $0.920 3.81%
2024 $0 0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Furthermore, its high Dividend Growth Potential Score (DGPS) signals potential dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NASDAQ

Symbol Title Last dividend Frequency Years Dividend Yearly Dividend Score
GAIN Dividend Royal 2023-12-04 Monthly 20 8.19% 8.50
GLDI Dividend Royal 2023-11-20 Monthly 12 7.15% 8.50
OXLC Dividend Royal 2023-12-14 Monthly 14 10.00% 8.50
PSEC Dividend Royal 2023-12-26 Monthly 21 7.04% 8.50
SLVO Dividend Royal 2023-11-20 Monthly 12 10.77% 8.50
QYLD Dividend Royal 2023-11-20 Monthly 11 7.50% 8.50
OXSQ Dividend Diamond 2023-12-14 Monthly 21 9.10% 8.50
HRZN Dividend King 2023-12-18 Monthly 15 6.60% 8.45
USOI Dividend Royal 2023-11-20 Monthly 8 16.70% 8.28
PFLT Dividend King 2023-11-15 Monthly 14 6.50% 8.27

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM0.2551.5004.917.36[0 - 0.5]
returnOnAssetsTTM0.01121.2009.6310.00[0 - 0.3]
returnOnEquityTTM0.1551.5009.3910.00[0.1 - 1]
payoutRatioTTM0.327-1.0006.73-6.73[0 - 1]
currentRatioTTM0.07030.800-4.65-3.72[1 - 3]
quickRatioTTM0.3150.800-2.85-2.28[0.8 - 2.5]
cashRatioTTM0.06301.500-0.761-1.142[0.2 - 2]
debtRatioTTM0.0247-1.5009.59-10.00[0 - 0.6]
interestCoverageTTM2.291.000-0.263-0.263[3 - 30]
operatingCashFlowPerShareTTM3.042.008.9910.00[0 - 30]
freeCashFlowPerShareTTM2.752.008.6310.00[0 - 20]
debtEquityRatioTTM0.322-1.5008.71-10.00[0 - 2.5]
grossProfitMarginTTM1.0001.00010.0010.00[0.2 - 0.8]
operatingProfitMarginTTM0.5951.0000.1030.103[0.1 - 0.6]
cashFlowToDebtRatioTTM0.4861.0008.418.41[0.2 - 2]
assetTurnoverTTM0.04400.800-3.04-2.43[0.5 - 2]
Total Score8.18

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM8.851.0009.210[1 - 100]
returnOnEquityTTM0.1552.509.6110.00[0.1 - 1.5]
freeCashFlowPerShareTTM2.752.009.0810.00[0 - 30]
dividendYielPercentageTTM3.711.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM3.042.008.9910.00[0 - 30]
payoutRatioTTM0.3271.5006.73-6.73[0 - 1]
pegRatioTTM0.7761.5008.160[0.5 - 2]
operatingCashFlowSalesRatioTTM0.2731.0005.670[0.1 - 0.5]
Total Score7.49

Independent Bank Corp

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

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